By Sruthi Shankar (Reuters) -The UK’s main stock indexes closed down on Tuesday as miners dragged blue chips lower, while shares of Jupiter Fund Management sank nearly 15%, knocked by outflows and exit of a star manager. The British fund firm’s stock had fallen as much as 19.7% to touch an intraday record low after …
UK equities close lower, Jupiter Fund knocked lower by outflows Read More »
(Reuters) – The Volkswagen brand delivered 4.87 million vehicles in 2023, up 6.7% on the year prior, and exceeding 2022 figures in all regions, the German carmaker said on Tuesday. Sales of all-electric vehicles were up 21.1% at roughly 394,000 units, Volkswagen said. “We expect the market environment to remain challenging in 2024,” said Imelda …
By Maria Martinez (Reuters) -German industrial production unexpectedly fell in November compared to the previous month, the federal statistics office said on Tuesday, marking the sixth monthly decline in a row. Industrial production fell in November by 0.7% compared to the previous month. Analysts polled by Reuters had predicted a 0.2% rise. “The unexpected fall …
German industrial output drops unexpectedly in November Read More »
FRANKFURT (Reuters) – Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a European Central Bank study concluded on Tuesday. The currency bloc’s manufacturing sector had been in recession for most of 2023, partly due …
Euro zone’s services sector may slow further, ECB says Read More »
By Sinead Cruise LONDON (Reuters) -Jupiter Fund Management’s shares slid 12% on Tuesday after it flagged net outflows of 2.2 billion pounds ($2.8 billion) for 2023, more than previously anticipated, and the departure of star manager Ben Whitmore this summer. The British fund firm blamed “a delay” in some institutional mandates and weaker retail sentiment …
Jupiter shares hit by net outflow jump, star manager exit Read More »
By Nina Chestney LONDON (Reuters) -EDF Energy aims to extend the life of its nuclear plants in Britain and invest a further 1.3 billion pounds ($1.7 billion) in its operational UK nuclear fleet to maintain output at current levels and energy security, the firm said on Tuesday. Several countries in Europe, including France, Belgium and …
EDF Energy aims to extend life of UK nuclear power plants Read More »
(Reuters) – European shares were flat on Tuesday, as a sell-off in basic resources partially offset gains in healthcare stocks, while investors awaited more economic data to assess the European Central Bank’s monetary policy trajectory for the year. The pan-European STOXX 600 held its ground at 478.24 points, as of 0820 GMT. Healthcare stocks climbed …
European shares listless as traders await more economic data Read More »
By John Revill ZURICH (Reuters) -The Swiss National Bank posted an annual loss of 3 billion Swiss francs ($3.54 billion) for 2023 on Tuesday, as a result of interest rate hikes designed to combat inflation. Switzerland’s central bank made a loss of 8.5 billion francs from its Swiss franc positions, provisional figures show, largely due …
Swiss National Bank dragged to annual loss by interest rate hit Read More »
(Reuters) -Recruitment firm Hays on Tuesday forecast lower-than-expected first-half profit and said the short-term outlook will remain challenging amid a hiring slowdown as a weak macroeconomic outlook weighs on global markets. Shares in the FTSE 250 firm fell as much as 19% to a more than three-year low of 87.1 pence, bottoming the mid-cap index. …
Recruiter Hays warns on profit amid hiring slowdown Read More »
By Harry Robertson LONDON (Reuters) – British investors pulled money out of UK-focused equity funds for the third year in a row in 2023, and for the 31st consecutive month in December, data from fund network Calastone showed on Tuesday. The figures add to the atmosphere of malaise around Britain’s stock market, which lagged far …
UK stock funds suffer third year of outflows in 2023 – Calastone Read More »
